CNBC Business News Update Market Midday: Stocks Mixed, US Added More Jobs Than Expected In January, Unemployment Rate Ticks Lower 2/11/26
Feb 11, 2026
Markets trade mixed after a stronger-than-expected January payrolls report and a tick down in unemployment. Discussion highlights job growth concentrated in health care and education and revisions to prior payrolls. Coverage also spotlights NVIDIA volatility, major corporate moves and cuts, commodity swings, and an earnings watch centered on McDonald's.
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Markets Mixed Despite Strong Jobs
- Wall Street showed mixed performance midday despite stronger-than-expected January jobs data.
- The Dow and S&P rose while the Nasdaq lagged, driven by specific stocks like Caterpillar and NVIDIA.
Jobs Beat But Revisions Reveal Weakness
- The U.S. added 130,000 jobs in January, beating expectations after a delayed Labor Department report.
- Revisions show much lower 2025 job creation, indicating near net zero job growth last year.
Payroll Revisions Temper The Headline
- Revisions trimmed 2025 payroll gains to around 860,000, signaling a significant downward adjustment.
- Former Treasury official Katie Richards noted continued labor-market weakness despite the headline beat.